Norsk Hydro ASA (OTCMKTS:NHYDY) Given Average Rating of “Hold” by Analysts

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company.

NHYDY has been the topic of several analyst reports. Zacks Research lowered shares of Norsk Hydro ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Pareto Securities downgraded shares of Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Thursday, June 11th. Citigroup reaffirmed a “neutral” rating on shares of Norsk Hydro ASA in a report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Norsk Hydro ASA in a report on Thursday, July 2nd.

Norsk Hydro ASA Price Performance

NHYDY stock opened at $10.18 on Monday. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.82 and a beta of 1.03. Norsk Hydro ASA has a twelve month low of $6.43 and a twelve month high of $13.02. The business has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $10.21. The company has a quick ratio of 1.21, a current ratio of 1.91 and a debt-to-equity ratio of 0.26.

Norsk Hydro ASA (OTCMKTS:NHYDY) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Norsk Hydro ASA had a return on equity of 11.46% and a net margin of 4.90%. Analysts anticipate that Norsk Hydro ASA will post 0.91 EPS for the current fiscal year.

About Norsk Hydro ASA

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.